The Walt Disney Company has been in a transitional phase as of late.

Since CEO Bob Iger’s return, multiple executives have come and gone, including Chief Financial Officer Christine McCarthy, who stepped down due to personal reasons. An interim CFO was brought on to take her place, but now, it looks like Disney has officially filled the role.

The Walt Disney Company has named Hugh F. Johnston as the new Senior Executive Vice President and Chief Financial Officer.

The Walt Disney Company Names Hugh Johnston As Senior Executive Vice President And Chief Financial Officer. https://t.co/rEbbTwMPib pic.twitter.com/YGjMXzqPCT

— The Walt Disney Company (@WaltDisneyCo) November 6, 2023

Disney shared in the announcement that Hugh F. Johnston will assume the role effective December 4th, 2023. He currently serves as Vice Chairman and Chief Financial Officer of PepsiCo, where he has held numerous roles over 34 years at the company.

Johnston will report directly to CEO Bob Iger and “will lead the company’s worldwide finance organization, which includes corporate real estate, corporate strategy and business development, enterprise controllership, enterprise technology, financial planning and analysis, global product and labor standards, global security, investor relations, risk management, tax, and treasury.”

“Hugh’s well-earned reputation as one of the best CFOs in America and his wealth of leadership experience in both financial and operational roles overseeing a diverse portfolio of top global brands make him a perfect addition to Disney’s senior leadership team,” Iger shared of the new CFO. “His expertise will serve Disney and its shareholders well as we continue the transformative work we are doing to drive growth and value creation.”

“Disney is such a storied company, with the most beloved brands in the world and a strong financial foundation to support the company of the future that Bob and his team are building,” shared Johnston on his new endeavor.

“Very few companies have withstood the test of time that Disney has, making the company as rare as it is special. I share Bob’s enthusiasm for Disney’s future, and I am incredibly excited to join this management team in this moment of opportunity and possibility.”

The CFO role is currently being held by Kevin Lansberry, who stepped in temporarily after previous CFO Christine McCarthy stepped down.

We’ll continue to keep an eye out for more news from The Walt Disney Company, so stay tuned to DFB for more.

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The post BREAKING: The Walt Disney Company Names Former PepsiCo Exec NEW Chief Financial Officer first appeared on the disney food blog.